Definitions
- Referring to a person or organization that holds or receives something in trust or for safekeeping. - Describing a place where something is deposited or stored, such as a bank or warehouse. - Talking about a legal or financial institution that manages deposits or investments on behalf of clients.
- Describing a place where something is deposited or stored, such as a library or archive. - Referring to a financial institution that accepts and holds deposits from customers. - Talking about a person or organization that receives and holds something in trust or for safekeeping.
List of Similarities
- 1Both words refer to a place or person that holds or receives something for safekeeping.
- 2Both words can be used to describe financial institutions.
- 3Both words can be used as adjectives or nouns.
What is the difference?
- 1Usage: Depositary is less commonly used than depository.
- 2Connotation: Depositary can have a more formal or legal connotation, while depository can have a more general or everyday connotation.
- 3Meaning: Depositary can also refer to a person who receives or holds something in trust, while depository typically refers to a place or institution.
Remember this!
Depositary and depository are synonyms that refer to a place or person that holds or receives something for safekeeping. While they share similarities in meaning, depositary is less commonly used and can have a more formal or legal connotation, while depository is more general and everyday in usage.
